Blog: The Fine Print / Revenue & Spending
Administration Specifies Forthcoming Sequestration Spending Cuts
Sep 17, 2012 by Patrick Lester
On Sept. 14, the Obama administration released a new report specifying cuts in federal spending that will take effect starting Jan. 2, 2013, if Congress does not take corrective action before then stopping the cuts from taking place. The report was mandated by the Sequestration Transparency Act of 2012 (P. L. 112–155), enacted on Aug. 7.
read in full
Simpson-Bowles 2.0
Aug 20, 2012 by Patrick Lester
The leaders of a bipartisan panel that unsuccessfully pushed forward a deficit reduction plan last year are quietly meeting behind the scenes to lay the ground work for another push after the November elections, according to an August 17 report in the National Journal.
read in full
Possible 2013 Budget Cuts to Be Specified Within a Month
Aug 14, 2012 by Patrick Lester
The outlines of a broad set of possible cuts in federal domestic and defense-related programs in early 2013 should become more clear within the next month. Under new legislation signed into law on Aug. 7, called the Sequestration Transparency Act, the Obama administration must lay out how an expected $109 billion in cuts will be implemented in 2013 unless Congress takes action to delay or stop them.
read in full
The Disconnect Between American Voters and Members of Congress
Jul 25, 2012 by Katherine McFate
This afternoon, the Senate voted 51-48 to restore reasonable tax rates on the top two percent of Americans. Ending the Bush tax cuts for households making more than $250,000 would generate almost a trillion dollars in revenue over the next ten years. This revenue could be used to pay down the deficit and build a platform for future growth by investing in education, infrastructure, research, clean energy, and more. With this vote, a majority of senators acknowledged the need for more revenue and for a fairer tax system.
read in full
Treasury Department: We’re Going to Show You the Money
Jul 18, 2012 by Craig Jennings
Testifying before a Senate hearing on federal spending transparency, Richard L. Gregg, the Treasury Department's Fiscal Assistant Secretary, announced a major advancement in federal spending transparency: starting in 2013, the public will be able to see Treasury data on agency expenses and payments to recipients of federal contracts, grants, and loans.
read in full
America Would Know Less Under House Census Policy
May 16, 2012 by Gavin Baker
Since 1790, Americans have used the Census as a tool to understand who we are and where we stand as a nation. However, our ability to gather this crucial data would be crippled under a bill recently passed by the House.
read in full
DATA Act Passes House, Moves on to Senate
Apr 25, 2012 by Gavin Baker
Today, the House passed the Digital Accountability and Transparency Act, or DATA Act (H.R. 2146), by a voice vote with strong bipartisan support. The bill to strengthen the transparency of federal government spending was sponsored by Oversight and Government Reform committee chairman Darrell Issa (R-CA) and ranking member Elijah Cummings (D-MD) and 13 other representatives.
read in full
DATA Act Comes to House Floor
Apr 24, 2012 by Sam Rosen-Amy
During this period of political gridlock, it's rare to find a bipartisan legislative initiative that we can enthusiastically support. But tomorrow, the House of Representatives will vote on just such a bill, the Digital Accountability and Transparency Act (DATA Act). The DATA Act would greatly enhance federal spending transparency, bringing new datasets online and helping standardize reporting across the government.
read in full
New CAP Papers Offer Contracting Reform Recommendations
Apr 4, 2012 by Gary Therkildsen*
The Center for American Progress (CAP) has released a series of three new papers on how the federal government can improve contracting through selective insourcing, better auditing, and increased transparency. Each paper contains specific recommendations that would help improve how Uncle Sam doles out contracting dollars and the return Americans could see on that spending.
read in full
Paul Ryan's Revenue Reforms Slash Taxes on the Rich
Mar 21, 2012 by Sam Rosen-Amy
Yesterday, Rep. Paul Ryan (R-WI) released his latest budget proposal, called "The Path to Prosperity," which serves as an update to his plan from last year. The proposal, which is the draft of the fiscal year (FY) 2013 House budget resolution, is supposed to be a fiscal framework for the House for the coming year. However, the congressman's tax plan is not a serious proposal for change.
read in full
